In this week’s episode of the SteadyTrade podcast, hosts Kim Ann Curtin and Stephen Johnson welcome Brian Lee — a full-time trader making big waves!
Brian came to trading from the world of professional gaming. Today, he’s a full-time trader shorting small-cap stocks.
But, like any trader, Brian didn’t have a smooth ride to the top … He suffered a six-figure loss in 2017.
That prompted him to change his risk management strategy and implement a system to keep bad habits in check.
Tune in to find out the ins and outs of Brian Lee’s system.
Brian Lee’s Trading System Tip #1: Make Mistakes First
Brian’s heard all kinds of questions from traders who want to copy his success. So Kim’s curious to know if there’s anything that gets under his skin … She asks him which newbie questions drive him crazy.
His number one pet peeve? Traders who get ahead of themselves.
Brian explains why … and talks about the most important lessons to learn from your mistakes.
They discuss the learning curve in dealing with unpredictable catalysts, being able to spot patterns, and making sense of what works best for you. The ultimate goal is to develop consistency.
Guess how much screen time the successful traders he knows put in to get ahead? Spoiler: it’s a lot.
Plus, find out the most common newbie mistakes to avoid … Don’t miss this!
Brian Lee’s Trading System Tip #2: Find Your Best System
Like Brian, every trader experiences big losses at some point.
Stephen was three to four years into trading when he experienced his biggest loss.
Stephen asks Brian what led up to his big loss — and Brian holds nothing back. He’s made all the rookie mistakes!
He started out with the usual bad habits. That includes thinking he could wake up a half-hour before the open, trade for five minutes, and make a good living.
But there’s a LOT more to trading than he first realized. Especially as a short-biased trader.
They discuss the strategy he used to turn his trading account around. And Brian shares the risk/reward formula he sticks with no matter what. He even asks his broker to hold him accountable to it…
Brian Lee’s Trading System Tip #3: Adapt to New Markets
It’s easy to get used to things. Especially when things go well. Traders want to believe that once they figure things out, they’re set. But what happens when things change?
Any trader who’s been around a while knows that market cycles can change quickly — and they develop an intuition for when it might happen next. Find out what Brian thinks is the right time for newbie traders to learn about market cycles.
Plus, Stephen shares what he learned about Tim Grittani — an exceptional day trader with seven-figure profits.* Grittani realized if he didn’t take a vacation from trading after reaching his burnout point, he’d start losing.
Brian says it’s important to remind yourself why you’re trading to avoid that burnout point. What’s driving you: money or freedom?
Still have some degenerate tendencies? Check out Brian’s tips on how to trade the right way and stop gambling for good.
What Do You Think?
How confident are you in your trading system? What do you think about Brian Lee and his trading journey?
We’d love to hear what you think, so drop a comment.
Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!
Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.
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Meet Our SteadyTrade Hosts
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Kim Ann Curtin
*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.